ENDES Engineering Services
ActiveSummary
ENDES Engineering Services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287,370 and a net result of €114,886. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+70
Solvency57▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.46 in 2024; short-term debt: 45.3% and cash: 0.4% of total assets), but 68.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.5%
Return on assets
12.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
10 d late
2023
68 d late
2022
31 d early
2021
31 d early
2020
74 d early
2019
122 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?CAD Architecten en Planners · 12 companies
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Financials · fiscal year 2025, full schema
In the rankings
#7 employer in Tielt, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€114,886
2024 · -€36,746
Working capital
€483,998▲ 74.4%
2024 · €277,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,021▲ 140%€52,842▼ 0.3%€98,269▲ 86.0%-€28,098€173,530
Net result€29,659within the sector's middle half▲ 228%€27,662within the sector's middle half▼ 6.7%€61,476within the sector's middle half▲ 122%-€36,746below the sector's middle half€114,886within the sector's middle half
Equity€120,091within the sector's middle half▲ 32.8%€147,753within the sector's middle half▲ 23.0%€209,229within the sector's middle half▲ 41.6%€172,484within the sector's middle half▼ 17.6%€287,370within the sector's middle half▲ 66.6%
Total assets€317,852below the sector's middle half▲ 6.6%€391,492within the sector's middle half▲ 23.2%€605,837within the sector's middle half▲ 54.8%€904,917within the sector's middle half▲ 49.4%€911,807within the sector's middle half▲ 0.8%
Debt€197,761▼ 4.8%€243,739▲ 23.2%€396,608▲ 62.7%€732,433▲ 84.7%€624,437▼ 14.7%
Working capital€104,527▲ 254%€120,366▲ 15.2%€280,137▲ 133%€277,530▼ 0.9%€483,998▲ 74.4%
Solvency37.8%within the sector's middle half▲ 7.4pp37.7%within the sector's middle half=34.5%within the sector's middle half▼ 3.2pp19.1%below the sector's middle half▼ 15.5pp31.5%within the sector's middle half▲ 12.5pp
Staff (FTE)7.3above the sector's middle half▼ 3.9%9.4above the sector's middle half▲ 28.8%8.2above the sector's middle half▼ 12.8%10.5above the sector's middle half▲ 28.0%11.6above the sector's middle half▲ 10.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €173,530 after a loss of €28,098 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911,807
Fixed assets
€14,970 ▼ 42.1%
Current assets
€896,838 ▲ 2.0%
Equity and liabilities €911,807
Equity
€287,370 ▲ 66.6%
Debt
€624,437 ▼ 14.7%
Debt's share of the balance-sheet total falls from 80.9% to 68.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€184,414▲
2024 · -€7,791
Cash flow
€125,770▲
2024 · -€16,439
Current ratio
2.17▲
2024 · 1.46
Quick ratio
0.72▲
2024 · 0.35
Debt to equity
2.17▼
2024 · 4.25
ROE
40.0%▲
2024 · -21.3%
ROA
12.6%▲
2024 · -4.1%
Interest coverage
17.62▲
2024 · -1.31
Debt ≤ 1 year
€412,840▼
2024 · €601,534
Debt > 1 year
€200,000
Income taxes
€52,812▲
2024 · €2,708
Staff costs
€801,687▼
2024 · €808,862
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,776 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,219 | - | - |
| Remuneration, social security and pensions62 | €379,851 | €521,643 | €479,050 | €808,862 | €801,687 | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,077 | €22,169 | €22,381 | €20,307 | €10,884 | ▼ 46.4% |
| Other operating charges640/8 | €3,633 | €3,888 | €4,465 | €4,121 | €2,835 | ▼ 31.2% |
| Gross operating margin9900 | €450,582 | €600,543 | €604,165 | €805,192 | €988,936 | ▲ 22.8% |
| Operating profit (loss)9901 | €53,021 | €52,842 | €98,269 | -€28,098 | €173,530 | ▲ 718% |
| Financial income75/76B | €1 | - | - | €0 | €4,636 | ▲ 46,358,500% |
| Recurring financial income75 | €1 | - | - | €0 | €4,636 | ▲ 46,358,500% |
| Financial charges65/66B | €5,876 | €4,874 | €5,676 | €5,939 | €10,467 | ▲ 76.2% |
| Recurring financial charges65 | €5,876 | €4,874 | €5,676 | €5,939 | €10,467 | ▲ 76.2% |
| Profit (loss) for the period before taxes9903 | €47,146 | €47,968 | €92,593 | -€34,037 | €167,699 | ▲ 593% |
| Income taxes67/77 | €17,486 | €20,306 | €31,116 | €2,708 | €52,812 | ▲ 1,850% |
| Profit (loss) for the period9904 | €29,659 | €27,662 | €61,476 | -€36,746 | €114,886 | ▲ 413% |
| Profit (loss) for the period to be appropriated9905 | €29,659 | €27,662 | €61,476 | -€36,746 | €114,886 | ▲ 413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317,852 | €391,492 | €605,837 | €904,917 | €911,807 | ▲ 0.8% |
| Fixed assets21/28 | €55,207 | €62,507 | €48,467 | €25,854 | €14,970 | ▼ 42.1% |
| Intangible fixed assets21 | - | €2,967 | €2,344 | €1,720 | €1,097 | ▼ 36.2% |
| Tangible fixed assets22/27 | €52,347 | €56,680 | €43,263 | €21,274 | €11,013 | ▼ 48.2% |
| Plant, machinery and equipment23 | €100 | - | - | - | - | - |
| Furniture and vehicles24 | €21,486 | €30,943 | €22,551 | €5,586 | €349 | ▼ 93.7% |
| Other tangible fixed assets26 | €30,761 | €25,736 | €20,712 | €15,688 | €10,664 | ▼ 32.0% |
| Financial fixed assets28 | €2,860 | €2,860 | €2,860 | €2,860 | €2,860 | = |
| Current assets29/58 | €262,645 | €328,985 | €557,370 | €879,063 | €896,838 | ▲ 2.0% |
| Stocks and contracts in progress3 | - | €68,788 | €284,796 | €666,337 | €598,113 | ▼ 10.2% |
| Contracts in progress37 | - | €68,788 | €284,796 | €666,337 | €598,113 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €168,149 | €180,128 | €206,904 | €177,065 | €270,321 | ▲ 52.7% |
| Trade receivables40 | €168,149 | €180,128 | €183,723 | €175,887 | €268,553 | ▲ 52.7% |
| Other amounts receivable41 | - | - | €23,182 | €1,178 | €1,768 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €82,960 | €65,530 | €37,965 | €5,570 | €3,362 | ▼ 39.6% |
| Deferred charges and accrued income490/1 | €11,536 | €14,539 | €27,705 | €30,091 | €25,041 | ▼ 16.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317,852 | €391,492 | €605,837 | €904,917 | €911,807 | ▲ 0.8% |
| Equity10/15 | €120,091 | €147,753 | €209,229 | €172,484 | €287,370 | ▲ 66.6% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Capital10 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Issued capital100 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €40,091 | €67,753 | €129,229 | €92,484 | €207,370 | ▲ 124% |
| Non-distributable reserves130/1 | €2,070 | €3,570 | €8,000 | €8,000 | €8,000 | = |
| Legal reserve130 | €2,070 | €3,570 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | €38,021 | €64,183 | €121,229 | €84,484 | €199,370 | ▲ 136% |
| Amounts payable17/49 | €197,761 | €243,739 | €396,608 | €732,433 | €624,437 | ▼ 14.7% |
| Amounts payable after more than one year17 | €37,502 | €33,382 | €1,205 | - | €200,000 | - |
| Financial debts170/4 | - | €8,378 | €1,205 | - | - | - |
| Other amounts payable178/9 | €37,502 | €25,004 | - | - | €200,000 | - |
| Amounts payable within one year42/48 | €158,118 | €208,619 | €277,233 | €601,534 | €412,840 | ▼ 31.4% |
| Current portion of amounts payable after more than one year42 | - | €7,070 | €7,172 | €1,205 | - | - |
| Financial debts43 | €53,344 | - | €75,000 | - | - | - |
| Credit institutions430/8 | €3,344 | - | - | - | - | - |
| Other loans439 | €50,000 | - | €75,000 | - | - | - |
| Trade debts44 | €42,899 | €121,626 | €108,184 | €383,183 | €105,268 | ▼ 72.5% |
| Suppliers440/4 | €42,899 | €121,626 | €108,184 | €383,183 | €105,268 | ▼ 72.5% |
| Taxes, remuneration and social security45 | €61,875 | €79,923 | €86,877 | €181,873 | €248,572 | ▲ 36.7% |
| Taxes450/3 | €61,875 | €54,306 | €68,062 | €41,681 | €151,546 | ▲ 264% |
| Remuneration and social security454/9 | - | €25,617 | €18,815 | €140,191 | €97,025 | ▼ 30.8% |
| Other amounts payable47/48 | - | - | - | €35,273 | €59,000 | ▲ 67.3% |
| Accrued charges and deferred income492/3 | €2,141 | €1,739 | €118,169 | €130,900 | €11,597 | ▼ 91.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,659 | €27,662 | €61,476 | -€36,746 | €114,886 | ▲ 413% |
| + Depreciation and write-downs630 | €14,077 | €22,169 | €22,381 | €20,307 | €10,884 | ▼ 46.4% |
| Operating cash flow (approximation) | €43,736 | €49,831 | €83,857 | -€16,439 | €125,770 | ▲ 865% |
| Investment in fixed assets (approximation) | - | -€29,469 | -€8,340 | €2,306 | €0 | ▼ 100% |
| Change in cash | - | -€17,430 | -€27,565 | -€32,395 | -€2,208 | ▲ 93.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €114,886
Net result €114,886 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €287,370 ▲66.6%
Equity rises from €172,484 to €287,370.
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 10 days late
2024
31-12
Financial
Weakest financial yearnet -€36,746
Net result drops to -€36,746, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Equity above €200,000Eq €209,229 ▲41.6%
5 profitable years in a row build equity to €209,229.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €120,091 ▲32.8%
3 profitable years in a row build equity to €120,091.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €3,067
Net result €3,067 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2018
Ground area
361 m²
Building footprint
270 m²
Parcel 37015K1138/00X000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ENDES Engineering Services
since 20182.273.510.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015K1138/00X000 | Flanders | 361 m² | 1 · 270 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
CAD Architecten en Planners
12 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- CAD Architecten en Planners
- TELCO
- E.V.A. ENGINEERING
- ENDES Engineering Services
Highest known parent: CAD Architecten en Planners. The sources do not say who stands above it.
Owners 1
- E.V.A. ENGINEERINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 135 EUR | 135 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-01-2018
Fiscal year end31-12
Abbreviation NL
ENDES
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688665950
Also
9925:BE0688665950
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.